Regions
Economic Recovery? Still a Ways Away, Roubini Warns
Is the economy recovering? Maybe. But Nouriel Roubini thinks we still have a ways to go.
CBRE’s Rudin to Depart for Brookfield
Mitch Rudin, who has served as president & CEO of the New York tri-state region for the last seven years, will leave the world of commercial real estate services to take on the role of president & CEO of U.S. commercial operations at Brookfield Office Properties.
Penn National Takes Ownership of $1B Resort
This was no hostile takeover. The acquisition of the M Resort Spa Casino in Las Vegas was simply the exercising of an option.
Magleby to Head Capital Markets at Cushman
Cushman & Wakefield has tapped Curtis Magleby, a finance and investment specialist with two decades of experience, as senior managing director of capital markets & U.S. western region leader.
Construction Begins on $137.5M Radisson Blu
Carlson Hotels, the global hospitality and travel company, and equity partner Mortenson Construction have commenced construction of the upper-upscale hotel, which will become the first lodging facility to be linked to the 4.2 million-square-foot Mall of America via skywalk.
TNP Strategic Acquires Pinehurst Square East
The 114,292-square-foot retail center was built in 2005 and is located in Bismarck, North Dakota.
Target Expands Canadian Reach
The firm has selected an initial group of sites now occupied by discount retailer Zellers Inc. In January, Zellers sold more than 200 leases to Target for approximately $1.9 billion.
Economy Watch: Greece Bailouts, Pending Home Sales
It was a long holiday weekend in the United States, but across the Atlantic, Euro-bureaucrats and -bankers were at work trying to keep Greece from defaulting on its debts and thus doing some kind of unpredictable harm to the euro.
WTC’s 1 MSF Condé Nast Lease to Lead Downtown’s Return to Glory
New York City’s office market has been in the slow-but-sure post-recession rebound mode for the last several months but the long-awaited announcement has created such a buzz that industry experts believe it will kick the recovery of Manhattan, and downtown in particular, into high gear.
Conde Nast Takes 1 MSF at One World Trade Center
In a long-rumored lease deal, the publisher signed on the dotted line to relocate its headquarters to Lower Manhattan.